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Green Brick Partners (GRBK) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · Green Brick Partners (GRBK) Q3 2026 earnings results →
Q3 2026 Revenue down 9% year over year to $448M · 13¢ of every $1 of revenue kept as net profit · operating margin 17.4%
Green Brick Partners made $448M in Q3 2026 (-9% Y/Y). Operating margin 17.4%, net earnings $59.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $448.2M in Q3 2026, down 9% year over year and down 9% from the previous quarter.
Gross margin was 27.3%, down 4.3 points from Q3 2025. Operating profit was $78.0M, a 17.4% margin (down 4.3 points year over year). Operating expenses fell 9% while revenue fell 9%. Net earnings were $59.2M, down 24% year over year. The effective tax rate was 21.2%.
Operating cash flow was −$52.5M. Non-cash charges added back $1.0M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $116.7M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$53.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 28, 2026 | $448M | -9% | 17.4% | $59.2M | −$52.5M |
| Q2 2026 | 10-Q | Jul 29, 2026 | $494M | -9% | 20.1% | $74.2M | −$8.8M |
| Q1 2026 | 10-Q | May 11, 2026 | $465M | -4% | 18.1% | $60.9M | $56.3M |
| Q4 2025 | 10-K | Feb 25, 2026 | $518M | -7% | 21.8% | $78.4M | $80.0M |
| Q3 2025 | 10-Q | Oct 29, 2025 | $492M | -4% | 21.7% | $77.9M | −$10.2M |
| Q2 2025 | 10-Q | Jul 30, 2025 | $541M | -2% | 20.8% | $81.9M | $74.7M |
| Q1 2025 | 10-Q | Apr 30, 2025 | $484M | +10% | 21.9% | $75.1M | $68.7M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Green Brick Partners
Green Brick Partners, Inc. and its subsidiaries (“Green Brick”, “the Company”, “we” or “us”) is a diversified homebuilding and land development company. We acquire and develop land and build homes through our seven brands of builders in three major markets. Our core markets are in the high growth U.S. metropolitan areas of Dallas-Fort Worth (“DFW”), Austin, and Houston, Texas, and Atlanta, Georgia, as well as the Treasure Coast, Florida area. We handle every stage of homebuilding, from acquiring and developing land, securing entitlements, designing homes, constructing properties, to providing title, mortgage, and insurance agency services. We also manage marketing and sales, and the creation of master planned communities.
In its own words, from its 10-K, filed Feb 25, 2026.
Green Brick Partners against its Operative Builders peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -9% against the peers' median -8%. Operating margin: 17.4% against the peers' median 10.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| GRBK Green Brick Partners | Q3 2026 | $448M | -9% | 17.4% |
| DHI Horton D R | Q4 FY26 | $9.4B | -3% | 10.8% |
| PHM Pultegroup | Q3 2026 | $4.0B | -10% | 15.7% |
| TOL Toll Brothers | Q3 FY26 | $2.7B | -10% | 13.5% |
| NVR NVR | Q3 2026 | $2.4B | -8% | 13.9% |
| ECG Everus Construction Group | Q3 2026 | $1.4B | +40% | 8.8% |
| KBH KB Home | Q3 FY26 | $1.3B | -20% | 6.3% |
| MHO M/I Homes | Q3 2026 | $1.1B | -5% | 7.7% |
| DFH Dream Finders Homes | Q3 2026 | $996M | +3% | 1.3% |
Source: Green Brick Partners 10-Q on SEC EDGAR · CIK 1373670 · Operative Builders
13F: who owns GRBK and who is buying
More on GRBK
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results